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3D Systems Corporation (DDD) Shares Plummet on Earnings Miss

01 November 2017

Traders are feeling more bearish on 3D Systems Corporation of late as shown by the uptick in short interest. The brokerage now has a "hold" rating on the 3D printing company's stock. A single point is assigned to each test that a stock passes.

DDD has been the topic of a number of other reports. Susquehanna Bancshares Inc assumed coverage on 3D Systems Corporation in a report on Thursday, July 13th. Finally, Stifel Nicolaus reiterated a "hold" rating and issued a $15.00 price objective on shares of 3D Systems Corporation in a report on Wednesday, October 4th. Zacks Investment Research upgraded shares of 3D Systems Corporation from a "strong sell" rating to a "hold" rating in a report on Wednesday, October 4th. However, analysts' mean recommendation for this stock stands at 3.10. 3D Systems Corporation presently has an average rating of "Hold" and a consensus target price of $14.13. The value of the investment in DDD went from $374,000 to $236,000 a change of 36.9% quarter over quarter. The company's market cap is $1.11 billion. 3D Systems Corporation has a 12 month low of $8.70 and a 12 month high of $23.70. Shares last traded at $9.12 impressively lower than $12.85, the stock's 50 day moving average and which is quite a bit lower than the 200 day moving average of $16.26.

On the other hand the company has Relative Strength Index (RSI 14) of 50.15 along with Average True Range (ATR 14) of 0.53, Consequently 3D Systems Corp (NYSE:DDD)'s weekly and monthly volatility is 4.23%, 4.23% respectively. Concourse Capital Management LLC now owns 63,337 shares of the 3D printing company's stock worth $1,184,000 after acquiring an additional 51,527 shares in the last quarter.

Looking at some ROIC (Return on Invested Capital) numbers, 3D Systems Corporation (NYSE:DDD)'s ROIC is -0.106703.

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In a release after market close, 3D Systems reported revenue declined by 2% from the prior-year period, to $152.9 million, yielding a net loss of 20 cents, versus consensus for $162 million and an 11-cent profit.

The noticeable indication captures as DDD has 94.10% of earning per share growth for this year. 3D Systems Corporation's revenue for the quarter was down 2.2% compared to the same quarter past year.

The stock received analysts' mean target price of $15.40. If you are viewing this piece on another site, it was stolen and republished in violation of USA & worldwide copyright & trademark legislation. The correct version of this article can be viewed at https://www.dispatchtribunal.com/2017/11/01/3d-systems-corporation-ddd-downgraded-to-sell-at-fbr-co.html. Following the purchase, the insider now owns 165,400 shares in the company, valued at $2,143,584. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The value in dollars increased from $107,000 to $213,000 increasing 99.1% quarter to quarter. LLC grew its position in shares of 3D Systems Corporation by 1.4% in the 3rd quarter. Raymond James Financial Services Advisors, Inc. owns 25,527 shares with a value of $342,000. As the originator of 3D printing and a shaper of future 3D solutions, 3D Systems has spent its 30 year history enabling professionals and companies to optimize their designs, transform their workflows, bring innovative products to market and drive new business models. Concourse Capital Management LLC grew its position in 3D Systems Corporation by 436.3% in the second quarter. The value in dollars decreased from $6,319,000 to $3,390,000 decreasing 46.4% quarter to quarter. The company has institutional ownership of 58.40%. The Earnings Yield for 3D Systems Corporation (NYSE:DDD) is -0.022970.

After 3D printing and manufacturing companies had a rough year in 2016, 3D Systems stepped up its focus on specific verticals, such as the dental industry.

3D Systems Corporation (DDD) Shares Plummet on Earnings Miss